240,501 Shares in JD.com, Inc. (NASDAQ:JD) Purchased by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong bought a new position in JD.com, Inc. (NASDAQ:JD - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 240,501 shares of the information services provider's stock, valued at approximately $9,620,000. JD.com makes up about 0.6% of CloudAlpha Capital Management Limited Hong Kong's portfolio, making the stock its 17th largest holding.

Other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors LLC purchased a new position in shares of JD.com in the second quarter worth approximately $28,000. Allspring Global Investments Holdings LLC grew its position in JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider's stock valued at $52,000 after purchasing an additional 1,681 shares in the last quarter. Blue Trust Inc. grew its position in JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider's stock valued at $126,000 after purchasing an additional 2,360 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in JD.com during the second quarter valued at approximately $172,000. Finally, Wolverine Asset Management LLC purchased a new position in JD.com during the third quarter valued at approximately $183,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and reduced their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Sanford C. Bernstein reduced their target price on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating for the company in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Susquehanna reiterated a "neutral" rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $39.71.

JD.com Trading Down 4.4 %

NASDAQ:JD traded down $1.58 on Thursday, reaching $34.11. 22,390,721 shares of the stock traded hands, compared to its average volume of 14,963,913. The firm has a market capitalization of $53.80 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $47.82. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $37.03 and its 200-day moving average is $31.47.

JD.com (NASDAQ:JD - Get Free Report) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company had revenue of $291.40 billion for the quarter, compared to analysts' expectations of $291.01 billion. During the same period last year, the business earned $0.68 EPS. JD.com's quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.